Monday, July 13, 2009

ROUND TWO: More charges for corrupted art dealer Larry Salander

NEW YORK—In a second salvo against bankrupt art dealer Larry Salander and the Salander-O’Reilly Galleries of New York, Manhattan District Attorney Robert M. Morgenthau announced new charges and a second arrest of the 60-year-old dealer Tuesday.

The latest round of felony charges includes three counts of grand larceny in the first degree and one count of falsifying business records in the first degree. Potential sentencing includes up to 25 years in prison for the grand larceny and up to four years for the other charge.

In March a 100-count indictment was filed against the dealer accused him of stealing $88 million from 26 art world victims.